Aaron Foster submits: ING (ING) reported Q3 results on Nov. 12, 2010, that provided a lot of new information about the company’s future. First of all, ING experienced a fall in earnings on a YOY basis, largely due to a $700 million write down taken against its US Insurance business.
Andrew Wilkinson submits: ING Groep N.V. (ING) – The Amsterdam-based financial services firm popped up on our scanners in the second half of the trading session after one bullish options trader populated the April 2011 contract with a bullish ratio risk reversal strategy. ING’s shares are up 3.35% to trade at $11.14 as of 2:35 pm in New York.
Dutch bank and insurance group ING on Wednesday reported 499 million euros (748 million dollars) in net profits for the third quarter as the bailed-out company undergoes a major restructuring.ING, which benefited from a 10 billion euro capital injection from the Dutch government in October 2008, had seen net losses of 478 million euros over the same period last year, the company said in a statement.
David Trainer submits:The most profitable products tend to be addictive. If given the choice, few salesmen would turn down the opportunity to sell an addictive product versus one that was not addictive. Throw in the fact that cigarettes are relatively cheap to produce and you have an even more compelling value proposition.
Dutch bank ING has reported its financial results for the first quarter of 2011, including an underlying net profit of €1.5bn. This is 60% better than the €923m the firm made in the corresponding period last year and more than twice the €644m made in Q4 2010. Underlying pre-tax profits increased by 32.2% to €1.7bn, [...]